Calix Inc (CALX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 43,162 | 63,409 | 79,073 | 51,333 | 80,807 |
| Short-term investments | US$ in thousands | 253,929 | 156,937 | 162,642 | 153,002 | 52,982 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 131,143 | 187,642 | 165,422 | 128,136 | 101,040 |
| Quick ratio | 2.27 | 1.17 | 1.46 | 1.59 | 1.32 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($43,162K
+ $253,929K
+ $—K)
÷ $131,143K
= 2.27
The quick ratio of Calix Inc has shown some fluctuation over the past five years. It stood at 1.32 as of December 31, 2020, indicating the company had $1.32 in liquid assets to cover each $1 of current liabilities. Subsequently, the quick ratio improved to 1.59 by December 31, 2021, signaling a stronger ability to meet short-term obligations. In the following years, the quick ratio remained relatively stable, with values of 1.46 on December 31, 2022, and 1.17 on December 31, 2023, suggesting a slight dip in liquidity. However, the quick ratio significantly increased to 2.27 by December 31, 2024, indicating a substantial improvement in the company's liquidity position, with $2.27 available in liquid assets for every dollar of current liabilities. Overall, the trend in Calix Inc's quick ratio demonstrates variations in short-term liquidity levels over the years, with a notable strengthening of liquidity by the end of 2024.
Peer comparison
Dec 31, 2024